3quarksdaily

Shared by JohnH

Don’t you love a great book review? HatTip to Dave Lull

BedOfProcrustes It’s been roughly 20 years since I’ve purchased a book with the intention of gaining insight into life lived wisely. Like nearly everyone else, nearly all of the time, I have read for other reasons: as an engaging diversion, to reinforce things I already believed, to further my knowledge relevant to my career, to get some concrete piece of practical information, etc. 

And so it was when I bought Nassim Nicolas Taleb’s latest book, Bed of Procrustes. Since it is a book of aphorisms from the iconoclastic ex-financier, I expected to grab some zingers on the misuse of statistics and economic theory. What I found, to my embarrassment, was a man focused on the problem of wisdom. Not “wisdom” with respect to predicting the future in financial contexts, but wisdom in something close to the classic sense of a well-lived life–a contemporary version of the Aristotelian megalopsychos. And to be clear: I was embarrassed for myself, not for Taleb.

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